Earnings Per Share The significant non-headline impairment of property, plant and equipment, intangibles and goodwill...
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Finance
Earnings Per Share
The significant non-headline impairment of property, plant and equipment, intangibles and goodwill during the year under review contributed to the decrease in earnings per share [EPS].
Curros 2020 headline earnings decreased by 32% (2019: R253 million) to R171 million, while headline earnings per share (Heps) decreased 39% from 59.9 cents to 36.4 cents. Recurring headline earnings and recurring Heps decreased by 15.6% from R212 million to R179 million and by 24% from 50 cents to 38 cents, respectively.
Besides the impact of Covid-linked impairments, the groups R1.5 billion equity raise last year will have also had a dilutionary effect on its Heps performance.
QUESTION:
Impact on rights issue:
a) Based on the headline earning adjusted for the loss on impairment, what was the dilution effect of the rights issue in 2020?
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